Vindr

What Vindr does

Vindr is a Nordic independent power producer (IPP) founded in 2019 that develops, constructs and operates wind farms, solar parks and hybrid energy facilities across Norway, Sweden, Estonia and Latvia. The company positions projects near consumption points to reduce transmission losses and environmental impact, in contrast to peer developers that site utility-scale projects in remote regions. Vindr manages the full project lifecycle—from site identification through long-term operation—and sells generated electricity into national grids under power purchase agreements or via energy trading.\n\nVindr's technology stack combines proprietary software and algorithms with established industry tools (Windsim, Windpro, QGIS) in a cloud environment, with the stated purpose of optimizing project siting, design and energy yield calculations. The product portfolio has expanded beyond the founding onshore-wind focus to include solar generation, Battery Energy Storage Systems (BESS) and 'hybrid energy parks' combining solar with storage, as evidenced by the Līvāni project in Latvia (4.25 MWp solar / 3.7 MW / 7.5 MWh BESS, €3.4M invested, inaugurated June 2026). At Līvāni, Vindr partnered with Capalo AI to deliver AI-driven energy trading and storage optimization, signaling selective use of third-party AI capabilities. The company has also signed a memorandum of understanding to develop green hydrogen production in Liepāja, Latvia.\n\nRevenue is generated primarily through wholesale electricity sales to grid operators, with grid stabilization and ancillary services from BESS providing a supplementary stream. Counterparty relationships span municipalities that host projects and receive property tax revenue, landowners who enter 25–30 year land leases, and industrial or commercial energy buyers. Vindr is majority-owned by InfraVia Capital Partners, a European infrastructure investor that has raised €10 billion of capital since 2008; that backing underwrites the company's ability to fund multi-year development cycles. As of June 2026, the company reports a 3.4 GW project pipeline spread across 58 projects in four countries and a team of over 30 employees across four country offices.

Name

Vindr

Legal name

Vindr

Website

https://vindr.eu

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Vindr is a Nordic independent power producer that develops, constructs and operates onshore wind, solar and hybrid energy projects across Norway, Sweden, Estonia and Latvia, selling electricity into national grids under long-term offtake arrangements.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric, Gas & Sanitary Services (4900), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Hybrid Wind Power Plants (Wind+Solar+Storage Co-located) (EUACAFAH)

akta.pro secondary industries

Distributed Generation (DG) Solar & Small Wind (EUAMAJAD), Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI), Structured Renewable Products (Blocks, Shaped, Baseload, Peak, Firming) (EUAGADAE), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

Keywords

• Renewable energy development
• Wind power projects
• Solar energy generation
• Battery energy storage
• Independent power production

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Electricity Generation and Sales: Vindr generates revenue as an independent power producer through the development, construction, ownership, and operation of wind farms, solar parks, and hybrid energy facilities. Revenue is derived from selling electricity to the grid through power purchase agreements or energy trading.
2. Hybrid Energy Solutions: Revenue from hybrid energy parks combining solar generation with battery energy storage systems (BESS), providing grid stabilization and energy security services alongside electricity generation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Vindr develops, constructs, owns, and operates renewable energy projects including wind farms, solar parks, and hybrid energy parks (solar plus battery storage) across the Nordic and Baltic regions. The company generates revenue as an independent power producer by selling the generated electricity to national grids through power purchase agreements or energy trading.

Product overview

Vindr is a Nordic renewable energy developer offering a portfolio of wind, solar, and hybrid energy solutions across the Nordics and Baltics. The core offering consists of onshore wind farm development (their primary business since founding in 2019) complemented by solar energy systems and battery energy storage. The company integrates these technologies in hybrid energy parks—such as the Līvāni Hybrid Energy Park combining solar panels with a BESS—that enable simultaneous energy generation, storage, and grid stabilization. Emerging capabilities include green hydrogen production. Vindr develops projects through their proprietary software and algorithms, handling the full project lifecycle from site identification to operation.

Differentiator

Problem solved

Functional benefit

Products and services

• Wind Farm Development
• Solar Energy Systems
• Battery Energy Storage Systems (BESS)
• Hybrid Energy Parks

Quantifiable outcome

• 175 MW capacity wind farm (Björkvattnet) powering 175,000 households and saving 215,000 tons of greenhouse gas annually
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature1 record

Partnerships

Two partnerships are on record, tiered minor.

• Energiapartner OÜminorImplementation/ SI/ Consulting PartnerConstruction partner for the Līvāni hybrid energy park project in Latvia, responsible for building the solar park and battery storage facility.
• Forma 2minorImplementation/ SI/ Consulting PartnerConstruction supervision partner for the Līvāni hybrid energy park project, providing quality oversight during the construction phase.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Enefit Green: Estonian state-linked renewable energy producer with wind, solar, and biomass assets across the Baltics — directly comparable given shared Estonian/Latvian operating geographies and diversified renewable mix.
• Sunly: Baltic-focused renewable energy developer building wind, solar, and storage projects in Estonia, Latvia, and Lithuania — highly comparable given shared Baltic geography, multi-technology approach, and developer-to-IPP transition.
• OX2: Swedish renewable energy developer focused on onshore and offshore wind and solar across the Nordics and Baltics — directly comparable to Vindr in geography, technology mix, and development-to-IPP model. Acquired by EQT in 2023.
• Eolus Vind AB: Swedish wind power developer with established operations across the Nordics and selective international markets — closely matches Vindr's project development model and wind-focused heritage.
• European Energy: Danish renewable energy developer with significant wind, solar, and Power-to-X activities across Europe — comparable as a multi-technology developer-IPP pursuing hybrid solutions in markets overlapping with Vindr's footprint.
• Cloudberry Clean Energy: Norwegian renewable energy developer and producer building wind, solar, and hydro assets in the Nordics — highly comparable given shared Norwegian origin, similar pipeline-driven model, and multi-country expansion strategy.
• Better Energy: Danish renewable energy developer focused on solar and onshore wind across Northern Europe — comparable as a peer-sized developer targeting similar Northern European markets with utility-scale solar and wind projects.
• Arise AB: Swedish onshore wind developer and operator with projects across the Nordics — comparable as a focused Nordic wind IPP with operations in overlapping geographies and similar revenue model via electricity sales and PPAs.

Broad incumbents

• Statkraft: Norwegian state-owned utility and Europe's largest renewable energy generator — operates across the same Nordic markets with broad wind, hydro, and solar portfolios, representing both a peer and potential partner/competitor for grid connections and offtake.

Emerging players

• Enlight Renewable Energy: Israel-headquartered renewable energy developer expanding into Europe with wind, solar, and storage projects — comparable multi-technology IPP model with similar strategy of combining generation and storage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vindr

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vindr